Gifts of Stock

If you would like to give the gift of stock, this page will give you an overview of the process.

1. First, notify us of your intended gift

For each gift, it's strongly recommended that you first send us a letter giving us:

Your name
Name and amount of shares being transferred
Expected date of the transfer
The purpose for which the gift is to be used

Download our sample donor letter to use as a reference for your own.

2. Transfer shares held in an account

Step 1: Ask your broker to make an electronic transfer of the shares to the California Lutheran University Broker Account at Bank of America.

Bank of America Account name: IM CALIFORNIA LUTHERAN UNIV-GIFT
Account number: 66-02-201-0215247

If you have questions or issues, please call us at 805-493-3689

Step 2: Please have your broker contact us on the transfer date to confirm and verify the transaction details.

Step 3: Once the stock is received and transferred into our account, we will receive notification of the transfer, and a receipt will be sent to you.

3. Transfer certificates for your shares

Step 1: Endorse each certificate. A guaranty of the signature must be executed by both the donor and an institution or bank that is qualified to complete the guaranty.

Please do not complete the back portion of the certificate(s).

Step 2: Please mail the certificates to us, along with a letter stating that the gift should be directed to KCLU. Download our sample donor letter to use as a reference for your own.

Step 3: Print and complete the Stock/Bond Power Form and the Letter of Authorization to Sell and Assign Securities and mail them to us in a separate envelope from the certificates(s):

CLU (for KCLU)
60 W. Olsen Rd, #4400
Thousand Oaks, CA, 91360

Gifts of mutual funds

For gifts funded with mutual funds, please contact us.

Transfers of mutual fund shares may take 3 to 4 weeks (or longer) to accomplish. Please allow plenty of time for this type of gift.

We will need a copy of your latest statement and a letter indicating the fund name and dollar amount to be given. It is very important to contact us promptly for mutual fund transfers.

For gifts of International-Based Securities (e.g., Euro-Bonds), please call us at 805-493-3689 for directions.

Determining the gift date

The date of the gift is determined by the act of "relinquishing" the stock. This varies per delivery method.

Electronic transfer

The date the shares are received in Cal Lutheran's account.

Mail

If mailed through a private mail service (FedEx, UPS, etc.), the gift is complete on the date we receive the mail containing the stock certificates and signed powers and assignment documents. Each should be mailed separately.

If mailed through USPS, the gift is complete on the date of the postmark of the last envelope to arrive at Cal Lutheran (in case they do not arrive at the same time).

Hand delivery

The date of delivery, with all necessary endorsements to Cal Lutheran. Certificates must be delivered in person to the Office of Major & Planned Giving in the Pederson Administration Building, Suite 104, or to the Hansen Business Office.

Valuation and receipting

Your receipt letters will indicate the number and types of shares, the date of the transfer, and the value of the gift.

For publicly traded stock, you will be credited with the fair market value of the stock, which is determined by averaging high and low trading prices on the date of the gift.

If a stock transfer occurs after the close of the market on Friday, you'll be credited with the average between the high and low value of Friday and the following Monday's trade price.

Liquidation of stock

Stocks are liquidated as soon as we receive them or upon notification by our broker that the shares have been transferred to one of our accounts.

Thank you for supporting KCLU. We appreciate you!